Sea Launch Announces Agreement for Launch Services

Bern, Sept. 6, 2013 (GLOBE NEWSWIRE) -- Sea Launch AG today announced the signing of a launch services agreement with a proprietary customer to launch its spacecraft on the Sea Launch Zenit-3SL launch system, launching from the ocean-based Odyssey launch platform in 2016.

Sea Launch's customer for this launch has expressed its desire to remain unnamed at the present time, consistent with its current business strategy. Sea Launch anticipates a future joint announcement with its customer when notified that the applicable business restraints have been lifted.

"This launch will continue to demonstrate the evolution of the Zenit-3SL launch system going forward. Wca offer our customers the reliability, flexibility and discretion required to best address their on-orbit business needs," said Sergey Gugkaev, Chief Executive Officer of Sea Launch.

About Sea Launch AG

Sea Launch AG provides launch solutions to the industry's satellite operator community based on the Zenit launch system. These services include the provision of all-inclusive launch services incorporating schedule assurance, financing, risk management; insurance and creative contracting solutions to meet the changing demands of the commercial launch market. Sea Launch AG owns and manages through affiliate agreements the primary technology, patent and other intellectual property and tangible assets required to perform its launch services business. The Sea Launch system offers the most direct and cost-effective route to geostationary orbit for commercial communications satellites, providing diversity of supply, affordability and flexibility for the industry's satellite operators. For more information, please visit the Sea Launch website at: www.sea-launch.com.